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Published on 4/15/2021 in the Prospect News Structured Products Daily.

New Issue: Barclays sells $5.88 million Capped Leveraged Index Return Notes on Russell 2000 Value

By Kiku Steinfeld

Chicago, April 15 – Barclays Bank plc priced $5.88 million of 0% Capped Leveraged Index Return Notes due March 31, 2023 linked to the Russell 2000 Value index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 2 times any index gain, up to a payout of par plus 16.25%.

If the index falls by up to 10%, the payout will be par.

Otherwise, investors will lose 1% for every 1% decline beyond 10%.

BofA Securities, Inc. is the agent.

Issuer:Barclay Bank plc
Issue:Capped Leveraged Index Return Notes
Underlying index:Russell 2000 Value index
Amount:$5,883,880
Maturity:March 31, 2023
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 2 times any index gain, capped at par plus 16.25%; if the index falls by up to 10%, par; otherwise, investors will lose 1% for every 1% decline beyond 10%
Initial level:2,347.098
Threshold level:2,112.388, 90% of initial level
Pricing date:March 25
Settlement date:April 1
Agent:BofA Securities, Inc.
Fees:2%
Cusip:06744A238

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